The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Advocacy Group policy staff. To receive this content via email, subscribe to NAR's Member's Edge newsletter.
The maximum loan limits for FHA forward mortgages will rise in 3,108 counties. In 125 counties, FHA’s loan limits will remain unchanged.
The FHA Mutual Mortgage Insurance Fund is well above its statutory minimum of 2% capital reserve ratio at 6.10%, an increase of 1.26% from last year.
The Geographic Targeting Order (GTOs) was extended through May 4, 2021. This order imposes data collection and reporting requirements on companies involved in certain residential real estate transactions.
NAR advocates for minimal disruption to the real estate industry that greatly benefits from the ability to be classified as an independent contractor.
The NAR AHP Toolkit has been updated to include data from the 2020 Health Insurance Survey.
The Court issued its opinion ruling in favor of the Trump Administration after weeks of ongoing litigation on this issue.
The Consumer Financial Protection Bureau (CFPB) rescinded the October 8, 2015, Compliance Bulletin (2015-05), which curtailed the use of Marketing Services Agreements (MSAs).
The Department of Homeland Security and the Department of Labor have proposed restrictions to the H-1B visa program.
On October 8, 2020, The Small Business Administration (SBA) and the Treasury Department announced the release of a new, further simplified forgiveness application for PPP borrowers with loans of $50,000 or less.
NAR's submitted a response to the CFPB regarding its notice of proposed rule making (NPRM) on a Qualified Mortgage (QM) seasoning rule.
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